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Mellanox Technologies (MLNX) Surged To A New High On Strong Q1 Results

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Mellanox Technologies (MLNX: Quote) reported first quarter adjusted net income of $0.51 per share after the close Wednesday, compared to $0.24 per share last year. The consensus estimate was for EPS of $0.34.

Mellanox Technologies gapped open dramatically higher Thursday and climbed during the first half hour of trade. The stock extended its gains late in the afternoon and finished up by 22.58 at $65.91 on the highest volume of the year. Mellanox surged to a new high for the year.

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by RTT Staff Writer

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